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Sagtec to Announce First Half 2025 Financial Results on July 21, 2025
Globenewswire· 2025-07-16 12:00
Core Viewpoint - Sagtec Global Limited is set to release its first half financial results for the fiscal year 2025 on July 21, 2025, and will hold an earnings call to discuss its financial performance and business outlook [1][2]. Group 1: Earnings Call Details - The earnings call will take place at 8:30 a.m. Eastern Time on July 21, 2025, and will be accessible via a webcast [3]. - A replay of the webcast will be available approximately 24 hours after the call and will remain accessible for 12 months [3]. Group 2: Company Overview - Sagtec is a technology innovator specializing in customizable software and AI systems, primarily serving the Food & Beverage sector [5]. - The company also provides software development, data management, and social media management services to enhance operational efficiency across various industries [5]. - Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd [5]. Group 3: Management Insights - Kevin Ng, the Chairman and CEO, expressed optimism about the company's progress in advancing technology offerings and expanding market presence, indicating a focus on delivering long-term value to shareholders [4].
Sagtec Accelerates AI Expansion with Proposed Acquisition of Agentic AI Software Company
Globenewswire· 2025-05-29 12:18
Company Overview - Sagtec Global Limited is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector, and also offers software development, data management, and social media management [8] - Smart Bridge Technologies Limited is a Malaysian-based AI and software development company specializing in agentic software, enterprise-grade IT solutions, and digital transformation services [7] Acquisition Details - Sagtec has signed a term sheet to acquire Smart Bridge for approximately US$17.6 million, at a price-to-earnings (PE) ratio of about 10 times, pending a definitive agreement and customary closing conditions [1] - The acquisition is expected to transform Sagtec into a full-spectrum AI technology leader, enhancing its capabilities in delivering predictive, real-time intelligence to businesses across Asia [2] Market Potential - The acquisition will broaden Sagtec's total addressable market (TAM) beyond retail into high-growth sectors, with significant opportunities in behavioral analytics, decision automation, and intelligent enterprise software [3] - The global AI retail market is projected to reach US$43 billion by 2032, while the SME-focused AI software market is expected to exceed US$25 billion, and the intelligent POS and behavioral analytics market is forecasted to surpass US$65 billion [3] Strategic Vision - The initiative aligns with the rapid expansion of the Artificial Intelligence sector, driven by increasing digital adoption and growing enterprise awareness of AI's transformative potential [4] - The acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future, aiming to reshape business operations and unlock new revenue streams [6] Financial Performance - Smart Bridge reported a net profit of US$2.1 million, demonstrating the efficiency and scalability of its AI-driven business model [5] - The company continues to expand its client base across Asia, validating the commercial viability and adaptability of its technology [5] Product and Service Enhancements - The acquisition will enable Sagtec to deliver automated business intelligence to its F&B clients, launch AI-driven menu optimization, upselling strategies, and supply forecasting, and detect revenue leakage through behavioral fraud analytics [10]